M&A Deal Summary

Citynet Acquires Gateway Telecom - StratusWave Communications

On June 19, 2017, Citynet acquired communications company Gateway Telecom - StratusWave Communications from Gateway Telecom

Acquisition Highlights
  • This is Citynet’s 1st transaction in the Communications sector.
  • This is Citynet’s 1st transaction in the United States.
  • This is Citynet’s 1st transaction in West Virginia.

M&A Deal Summary

Date 2017-06-19
Target Gateway Telecom - StratusWave Communications
Sector Communications
Buyer(s) Citynet
Sellers(s) Gateway Telecom
Deal Type Divestiture

Target

Gateway Telecom - StratusWave Communications

Wheeling, West Virginia, United States
Gateway Telecom LLC - StratusWave Communications is a provider of telecommunication services.

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Buyer(S) 1

Buyer

Citynet

Bridgeport, West Virginia, United States

Category Company
Sector Communications
DESCRIPTION

Citynet LLC is a provider of telecommunications services. Such services include phone, ultra-high-speed broadband, unified communications (seamless communications between devices and delivery methods: phone, video, messaging, web conferencing, etc.) and IT managed services solutions to small and medium-sized businesses across West Virginia.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: West Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Gateway Telecom

Wheeling, West Virginia, United States

Category Company
Sector Communications
DESCRIPTION

Gateway Telecom LLC is a provider of communication services. Gateway Telecom is based in Wheeling, West Virginia.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: West Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1